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Dec 12, 2012
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joining us, managing director. what do you make of inditex. >> i think with the share price performance you've seen for that, up almost 70%, almost nothing would please the market. the results are a league of its own. 7% like -- remember, the business is still majority in spain, italy, portugal, greece, et cetera. over 50% of sales. there 7% like for like. margins rising. it is a special company. >> taking a big -- are they taking a chunk of market share, as well? >> absolutely. i think it goes back to the strengths of its model. i think more than anyone else they listen to the consumer. this is fast fashion taken to the extreme. there's something new in the stores every two weeks. there's a reason to keep going every two weeks. they get feedback from the store managers quickly on what's working, what's not working. go back to the production people, say we need this more, we need less of this. >> the supply chain must be -- where are they making this stuff? how are they able to get it into the store so quick three
joining us, managing director. what do you make of inditex. >> i think with the share price performance you've seen for that, up almost 70%, almost nothing would please the market. the results are a league of its own. 7% like -- remember, the business is still majority in spain, italy, portugal, greece, et cetera. over 50% of sales. there 7% like for like. margins rising. it is a special company. >> taking a big -- are they taking a chunk of market share, as well? >>...
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Dec 24, 2012
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ralph silva staying with us. up next, less than a day to go before the big day, we take a look at what some of the top toys have been this year. >>> good morning. welcome to "worldwide exchange." i'm karen cho. >> good morning, everybody. i'm louisa bojesen. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy, but only for a party willing to push his economic agenda. >> but he has competition in the form of sylvia berlusconi, italy's former prime minister tells cnbc he feels a responsibility to run. >> translator: i feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales. but u.s. shoppers, they may be running lower on holiday spirit and analysts are saying that they're spending less, as wel
ralph silva staying with us. up next, less than a day to go before the big day, we take a look at what some of the top toys have been this year. >>> good morning. welcome to "worldwide exchange." i'm karen cho. >> good morning, everybody. i'm louisa bojesen. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario...
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Dec 26, 2012
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can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging markets is change. i think when you used to invest as efts, you have to look at the markets differently. i think you have to be more careful. >> all right. let's focus on india. i know you just got back from a long trip where you were evaluating the investment landscape in india. obviously we've seen a lot of foreign investors allocate capital into this market. we are looking at the rupee depreciating significantly over the last year. the company dealing with other problems including lack of infrastructure, some policy changes. what is your recent -- i
can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging...
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Dec 4, 2012
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joining us is portfolio manager at anc capital. arthur, thanks for joining us. how important are heathrow slots if you want to compete? >> i think they're important to have a presence there and when you look at what delta is doing specifically, they're increasing their scope. and when you look at the flights and the offerings that delta has, it's week relative to american b.a. so what delta wants to do, it smells an opportunity here to give an offer to go customers because this is a network business and move those customers that maybe are going on ba, aa, or united out of newark on o. to the delta large system. and that's the opportunity it has. and conversely people here that want to come to the states or the big network delta has to get people to points beyond i think for virgin to be part of a transaction here, you get the united states market which is a large market. >> you have sink more airlines which would sell, sky team with delta and sort of ba, aa team, as well, how are those three global shaping up, who is winning? >> well, i'm partial to sky team. sk
joining us is portfolio manager at anc capital. arthur, thanks for joining us. how important are heathrow slots if you want to compete? >> i think they're important to have a presence there and when you look at what delta is doing specifically, they're increasing their scope. and when you look at the flights and the offerings that delta has, it's week relative to american b.a. so what delta wants to do, it smells an opportunity here to give an offer to go customers because this is a...
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Dec 3, 2012
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patrick garvey joins us for more. thanks for joining us. just looking at where spanish yields are at the moment, sort of 5.2% handle, i can't see spain rushing for assistarizon y too many soon. >> that's right. it's been a fantastic few months starting off in july when draghi first talked about the omt program or gave hints about it. and it's carried out to the past couple of weeks. spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the rea
patrick garvey joins us for more. thanks for joining us. just looking at where spanish yields are at the moment, sort of 5.2% handle, i can't see spain rushing for assistarizon y too many soon. >> that's right. it's been a fantastic few months starting off in july when draghi first talked about the omt program or gave hints about it. and it's carried out to the past couple of weeks. spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking...
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Dec 6, 2012
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joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the likelihood is you'll try to pull it forward to try to take advantage of the capital gains tax certainlily. >> so if you're rushing through this year, there will be a lull in the first quarter. >> yeah. i agree. i think we will potentially see a lull in the first quarter. but on the assumption that we do get past the fiscal cliff with successful resolution, which i think we're all optimistic we will, i think fundamentals are strong. we have corporate balance sheets still strong. we have private equity with a lot of available cash. an
joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the...
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Dec 11, 2012
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joining us is diana fowl. diana, thanks for joining us. how big is the gap between what employees are looking for for entry level staff and the skills that the current graduates are offering? >> the gap is tremendous. it's a real tragedy. you mentioned the very high youth unemployment numbers, but 75 million youths today and eight youths, half of youths in the middle east and half of youths in greece and others, that 75 million can be contrasted to the shortage of workers for medium and high skill jobs which we establishment by 2020 could reach 85 million. so we have a paradox of too many jobs, too many vacancies and, therefore, an education and unemployment system that is not working correctly. unfortunately not enough data on this matter is available. so our studies, 100 case studies and surveys 8,000 participants in the system across nine countries tries to provide a fact base. and the news is not wonderful. what we learned is that the icip really operate in the system. they participate in parallel universes, if you look. for example, y
joining us is diana fowl. diana, thanks for joining us. how big is the gap between what employees are looking for for entry level staff and the skills that the current graduates are offering? >> the gap is tremendous. it's a real tragedy. you mentioned the very high youth unemployment numbers, but 75 million youths today and eight youths, half of youths in the middle east and half of youths in greece and others, that 75 million can be contrasted to the shortage of workers for medium and...
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Dec 21, 2012
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get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the data suggests japan is growing more reliance on overseas investors to fund the nation's massive debt. reuters is reporting that heavy demand from japanese investors has helped increase foreign holding of polish sovereign bonds. asian investors are apparently attracted to poland's better returns and less risky economy. for more on this, we're joined by rajig beswos. i just want to start here on this point about japanese investors buying polish debt. you can understand why a japanese investor is looking for yields. is there any reason to be concerned about their
get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the...